Brown & Brown, Inc. Acquires Orchid Underwriters Agency and CrossCover Insurance Services

February 28, 2022

Brown & Brown, Inc. has entered into an agreement to acquire Orchid Underwriters Agency and CrossCover Insurance Services from financial sponsors led by TowerBrook Capital Partners. Orchid and CrossCover will join Brown & Brown's National Programs segment and continue to operate as independent entities from their existing offices in Florida and Texas.

Buyers
Brown & Brown, Inc.
Targets
Orchid Underwriters Agency, CrossCover Insurance Services
Sellers
TowerBrook Capital Partners L.P., Orchid ownership team / financial sponsors
Industry
Insurance
Location
Florida, United States
Transaction Type
Buyout

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